Syniverse Technologies signed an agreement to acquire the wireless clearing and financial settlement business of Billing Services Group for $290 million in cash.
“The proposed acquisition of BSG’s wireless business will allow us to better serve the demands of our clients; further develop our global operations and customer base in Europe, Asia and the Middle East; and allow us to continue to be a leading service provider to GSM operators worldwide,” Syniverse President and CEO Tony Holcombe said.
“BSG has a state-of-the-art, flexible and efficient clearing platform that scales well to meet the growing demands of GSM operators globally. Together with Syniverse’s strong GSM technical abilities, emphasis on delivering outstanding customer support and broad suite of services, the combined organization will be a premier services provider to mobile operators worldwide,” said Atul Devani, CEO of BSG Wireless.
The sale is subject to closing conditions, including BSG shareholder approval and regulatory approvals.
Syniverse to buy BSG’s clearing and settlement biz
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